Brussels, 18/03/2003 (Agence Europe) - According to the German press agency vwd, Commissioner Monti has reached a compromise with German authorities concerning State guarantees in favour of shipyards. The Commissioner feared that the guarantees granted by Germany in favour of its shipyards would create competition distortion in Europe and therefore considered that such guarantees, as they were, were State aid (see EUROPE of Wednesday, 5 March, p.13). Aware of the unfair competition of South...